DC Chemical - ambitionierter Neueinsteiger bei Poly-SI - 500 Beiträge pro Seite

[meinolf67]

beliefern:

Customer Date Amount Period

SunPower (USA) Jul. 2006 US$ 250mn 5yrs(2008 ~ 2012)

Trina (China) Jan. 2007 US$ 121mn 7yrs(2009 ~ 2015)

Evergreen (USA) Apr. 2007 US$ 208mn 6yrs(2008 ~ 2014)

Nexolon (Korea) Nov. 2007 US$ 376mn 6yrs(2008 ~ 2014)

Evergreen (USA) Jan. 2008 KRW 230bn 7yrs(2009 ~ 2015)

DEUTSCHE (Germany) Feb. 2008 KRW 480bn 7yrs(2009 ~ 2015)

Yingli Green(China) Feb. 2008 KRW 177bn 5yrs(2009 ~ 2013)

Motech(Tiwan) Mar. 2008 KRW 164bn 7yrs(2009 ~ 2015)

Sino-American(Tiwan) Mar. 2008 KRW 243bn 8yrs(2009 ~ 2016)

Green Energy(Tiwan) Mar. 2008 KRW257bn 8yrs(2009 ~ 2016)

Wuxi Suntech Power(China) Mar. 2008 KRW634bn 8yrs(2009 ~ 2016)

Space Energy (Japan) Mar. 2008 KRW164bn 7yrs(2009 ~ 2015)

Comtec Solar(China) Apr. 2008 KRW155bn 7yrs(2009 ~ 2015)

Wafer Works(Tiwan) Apr. 2008 KRW232bn 8yrs(2009 ~ 2016)

DC Wafers Investments
Sociedad Limitada (Spain) Apr. 2008 KRW146bn 10yrs(2009 ~ 2018)

[meinolf67]

DJ TABLE: DC Chemical 1Q Net KRW54.80B Vs KRW34.61B
22.04.08 10:17:00- APIN

Dc Chemical Co. Ltd. - South Korea
1st Quarter ended Mar. 31
Figures in Korean Won.
2008 2007
Revenue KRW408.45B KRW330.66B
Operating Profit KRW82.60B KRW54.82B
Net Profit KRW54.80B KRW34.61B

Results are preliminary and unaudited.

[lieberlong]

Antwort auf Beitrag Nr.: 34.467.125 von meinolf67 am 09.07.08 09:18:05

DEUTSCHE (Germany) Feb. 2008 KRW 480bn 7yrs(2009 ~ 2015)


DC Chemical and SolarWorld Polysilicon Deal

By Kit Temple
Published 14th February 2008

Korean polysilicon manufacturer DC Chemical has signed a 600MWp long-term polysilicon supply deal with SolarWorld. The contract is valued at €348 million and runs from 2009 to 2015. This values the polysilicon at 58 cents per Wp.

Evergreen Solar announced a polysilicon deal with DC Chemical in April 2007 for a 1GWp contract between late 2008 and 2014. This was followed at the end of January 2008 with a further polysilicon contract valued at €167 million from 2009 to 2015.

In February 2007, Trina signed a €92 million ($120m converted at historic rate) deal from 2009 to 2015.

In July 2006, SunPower signed a €196 million ($250m converted at historic rate) deal from 2008 to 2012

DC Chemical has invested €290 million in building a 5,000 ton polysilicon plant. Construction started in August 2006, pilot production commenced in January 2008 and commercial production is due to start in 2Q 2008. A further €507 million is being invested to add an additional 10,000 tons of capacity with commercial production from the new capacity expected in the first half of 2009.

[meinolf67]

DC Chemical wird Eversol Silizium liefern
10.07.2008: DC Chemical hat einen langfristigen Liefervertrag mit der taiwanesischen
Eversol Corporation geschlossen. Die koreanische Firma wird Eversol von Januar
2010 bis Dezember 2016 mit Polysilizium beliefern. Das Volumen des Vertrages
umfasst 427 Millionen Euro. ...

[meinolf67]

DC Chem wins US$675 mil. order from Taiwan firm

Reuters
Friday, July 11, 2008



SEOUL -- DC Chemical Co. Ltd. racked up a 671.3 billion won (US$674.9 million) polysilicon order from Taiwan's Eversol Corp., the South Korean company said Thursday, pushing its shares up nearly 13 percent.

The latest order comes on the heels of a 833.2 billion won (US$808.5 million) polysilicon contract from Green Energy Technology Inc., Taiwan's biggest solar wafer maker, earlier this week.

Supply for the two orders will start in January 2010 and end in December 2016, DC Chemical said in filings to the Korea Exchange.

[lieberlong]

Solarworld sichert sich weitere Siliziummengen
Dienstag, 12. August 2008, 12:56 Uhr

Düsseldorf, 12. Aug (Reuters) - Der Solartechnikkonzern Solarworld(SWVG.DE: Kurs) hat sich weitere Rohstoffmengen in Asien gesichert. Die Tochter Deutsche Solar AG werde von der südkoeranischen DC Chemical Co ab 2010 bis 2016 Polysilizium im Wert von 580 Millionen Dollar beziehen, teilte DC Chemical am Dienstag mit. Polysilizium - Rohstoff für die Halbleiter- und Solarindustrie - wird den Herstellern derzeit förmlich aus der Hand gerissen. Die Produktionsmengen des weltweit größten Herstellers Wacker Chemie(WCHG.DE: Kurs) etwa sind auf Jahre zu 80 Prozent verkauft.

Solarworld produziert Silizium nur zum Teil selber. Große Mengen hat sich der Konzern über Langfristverträge gesichert. In Südkorea baut Solarworld derzeit eine Solarmodulproduktion für den asiatischen Markt auf.

anp/ban

[meinolf67]

Deutsche Solar enters into new polysilicon contract with DC Chemical
13 August 2008 | Materials: News

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SolarWorldDeutsche Solar AG, a wholly owned subsidiary of SolarWorld AG, has entered into a new polysilicon contract with DC Chemical, valued at $580 million through 2016. The polysilicon deal ensures the ability of the company to meet new solar wafer contracts worth $350 million from customers in Germany and China, the company said.

“We are aiming to increase our order book to ten billion US dollars by the end of 2008,” commented Frank H. Asbeck, CEO of SolarWorld AG.

SolarWorld and Deutsche Solar are also expanding production via the construction of a new plant in Freiberg, Germany. Wafer production stood at 270 MW at the end of 2007, reaching 1GW in 2010. Capital expenditure for 2008 is approximately $520 million.

[meinolf67]

SEOUL, Aug 21 (Reuters) - South Korea's DC Chemical Co (010060.KS: Quote, Profile, Research, Stock Buzz) said on Thursday it had won a 290.9 billion won ($280.2 million) order to supply polysilicon to Taiwan's Wafer Works Corporation.

The contract covers the period between January 2010 and December 2016, the company said in a filing with the Korea Exchange. ($1=1038.0 Won)

[meinolf67]

March 20, 2008 04:04 PM Eastern Daylight Time
GT Solar sichert sich Vertrag über 200 Millionen USD mit DC Chemical, Südkorea

Bisher größtes Geschäft für GT Solar

MERRIMACK, New Hampshire, USA--(BUSINESS WIRE)--GT Solar Incorporated, ein weltweit führender Anbieter von Fertigungstechnik und schlüsselfertigen Produktionslösungen in der gesamten PV-Lieferkette, teilte heute mit, dass das Unternehmen einen Folgevertrag im Wert von knapp 200 Millionen USD über die Lieferung von Polysiliconreaktoren für DC Chemical Co., Ltd. (DCC), Südkorea, geschlossen hat. Die Ausrüstung wird von DCC für die Erweiterung seines Werkes in Gunsan, Südkorea verwendet. Das Geschäft ist die größte Einzelbestellung, die bisher bei GT Solar eingegangen ist.

Der Vertrag bezieht sich auf GTs chemischen Aufdampfungs-Polysilikonreaktor. GTs jüngster Technologiereaktor integriert Konstruktionsverbesserungen, welche die Zuverlässigkeit steigern und die Polysilikonproduktion um mehr als 30 % gegenüber dem Vorgänger erhöhen.

Thomas Zarrella, CEO von GT Solar, erklärte: „Dieser Vertrag ist ein großartiger Beleg für unsere Innovationen und unser Wissen um den größer werdenden Bedarf der Solarenergieindustrie. Dadurch, dass GT Solar dazu beitrug, die weltweite Polysilikon-Verknappung der vergangenen Jahre zu entschärfen, begünstigte das Unternehmen höhere Wachstumsraten der Branche und diversifizierte gleichzeitig die eigene Produktpalette.“

GTs Vice President für Polysilikon, David Keck, sagte: „DCC ist einer der größten Neuzugänge auf dem Polysilikonmarkt und für unser Team hier bei GT Solar ein wichtiger Kunde. Wir sind sehr erfreut, dass wir weiterhin den Bedarf eines wichtigen Stammkunden wie DCC decken können. Wir freuen uns, die Zusammenarbeit künftig fortführen zu können.“

Herr Shin, Vice Chairman bei DCC, merkte an: „Als Kunde von GT Solar drücken wir GT unsere Wertschätzung aus und freuen uns vor dem Hintergrund unseres Bestrebens, den wachsenden Bedarf der Solarenergieindustrie zu decken, auf eine Fortführung unserer Geschäftsbeziehungen.“

[meinolf67]

DC Chemical gets 199 billion-won order from Japan
Saturday, August 30, 2008; Posted: 02:42 AM
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SEOUL, Aug 30, 2008 (Asia Pulse Data Source via COMTEX) -- ERGY | Quote | Chart | News | PowerRating -- DC Chemical Co., a South Korean chemicals company, said Friday it has received an order worth 199.1 billion won (US$184 million) from Japan's Space Energy Corp.

The order calls for DC Chemical to supply polysilicon, which is used in solar cells, to the Japanese company, DC said in a regulatory filing.
For full details for DCCYF click here.

[meinolf67]

Suntech inks $750M silicon agreement with DC Chemical
September 2, 2008
Similar

* Suntech grabs stake in solar wafer maker Shunda
* Suntech closes Nitol Solar investment
* Suntech, DC Chemical in polysilicon supply contract
* Suntech, Wacker Schott in silicon wafer supply deal
* Suntech buying $1.5B of silicon from Asia Silicon

Leading PV maker signs seven-year supply arrangement with South Korean company.

Wuxi, China-based Suntech Power Holdings (NYSE: STP) said today it has reached a deal with Seoul-based DC Chemical to supply it with polysilicon from 2010 to 2016.

Over the past few months, Suntech has been on a determined march to secure enough polysilicon to help avert potential shortages like those of the past few years.

Suntech said the deal helps the company make solar a viable alternative to fossil fuels.

The $750 million agreement comes seven months after Suntech signed an 8-year polysilicon supply agreement with DC Chemical at an estimated value of $631 million from 2009 to 2016 (see Suntech, DC Chemical in polysilicon supply contract).

Some six months ago, Suntech acquired a minority stake in China-based Shunda Holdings, a manufacturer of solar wafers based in China (see Suntech grabs stake in solar wafer maker Shunda).

Last month, Suntech closed a $100 million deal with Russia's Nitol Solar Ltd (see Suntech closes Nitol Solar investment). The large solar manufacturer completed the aggregate minority equity investment into polysilicon producer Nitol Solar in which Nitol will supply Suntech over a seven-year period beginning in 2009.

In recent days, DC Chemical has reportedly also inked polysilicon supply agreements with Swiss Wafers AG and GT Solar.

[meinolf67]

DC Chemical's polysilicon expansion plans
Signs poly crystalline silicon long-term supply agreement with Swiss Wafers AG

polysilicon manufacturing facilities. Polysilicon is a key raw material that is used to manufacture solar cells and semiconductor wafers.

Specifically, the company plans to invest 880 billion won to build a No. 3 polysilicon plant with 10,000 metric tons of annual capacity at its Gunsan plant site. Construction will commence in July of this year, and the project will be completed by December 2009.

In addition, DC Chemical has decided to expand the annual capacity of its No.1 polysilicon plant from 5,000 metric tons to 6,500 metric tons (the construction of the No.1 plant was previously publicly announced on June 28, 2006 and July 12, 2007). Further, additional funds are needed for the construction of the No.2 polysilicon plant, with a capacity of 10,000 metric tons (this was previously announced on December 12, 2007), due to an increase in material costs and exchange rates. For the aforementioned expansions, DC Chemical will invest a total of 260 billion won in its No.1 and No.2 polysilicon plants by June 2009.

With these additional investments, DC Chemical's aggregate investment in the polysilicon business will total 2.25 trillion won during the period of July 2006 through December 2009. This is comprised of an initial investment of 1.11 trillion won and the newly announced investment of 1.14 trillion won. Upon the completion of the aforementioned expansion projects, the annual polysilicon production capacity of the company will total 26,500 metric tons.

According to a company official: "DC Chemical is planning to focus on the polysilicon business, which is a key raw material segment in the solar photovoltaic (PV) industry, and the industry itself is expected to grow by more than 30 percent per year. Moreover, through this capacity expansion, DC Chemical will become the world's second largest polysilicon manufacturer in 2010 with the nameplate capacity of 26,500 metric tons."

The completion of this large-scale expansion is expected to help solve the current shortage in the supply of polysilicon, and looking ahead, it will spark greater demand for solar products, which will also be aided by a drop in polysilicon prices. Accordingly, all of these factors are expected to accelerate the achievement of grid parity (the point at which the cost of solar generated electricity reaches the same level as the cost of conventionally generated electricity), and ultimately, DC Chemical will significantly contribute to the overall growth of the solar PV industry.

This expansion will be fully financed by prepayments from long-term supply agreements and internal funds. Most of the capacity of the No.1 and No.2 polysilicon plants has already been sold through long-term supply contracts, which total approximately US $3.9 billion thus far. Moreover, additional long-term arrangements are under discussion for the capacity of the No.3 plant. Considering the stability and profitability of the polysilicon business, DC Chemical expects to sell most of its polysilicon capacity through long-term supply contracts, with the remainder being sold in the spot market.

DC Chemical completed the No.1 polysilicon plant in Gunsan in December 2007 and commenced production through the successful commercialization of high-purity (9 nine) polysilicon in March of this year. Additionally, the construction of the No.2 polysilicon plant with an annual capacity of 10,000 metric tons is scheduled to be completed on time by the first half of 2009.

Driving force for growth of Korea's solar PV industry
As the primary raw material used in the solar PV industry, polysilicon is at the top of the supply value chain, followed by ingots, wafers, cells, modules and solar power plants. It also requires advanced technology and a purity level of 99.9999999 percent (referred to as "9 nines"). Moreover, the polysilicon industry is a capital intensive industry, requiring large investments in equipment and facilities, with high technological entry barriers. Accordingly, only a few companies in the world such as Hemlock (US), Wacker (Germany), REC (Norway), MEMC (US) and Tokuyama (Japan), possess the necessary technology to produce polysilicon.

As a result of its successful commercialization of high purity polysilicon, DC Chemical has joined a group of select companies that possesses polysilicon manufacturing technology. Further, through its rapid expansion efforts, DC Chemical is expected to become a market leader and an important catalyst in the development of both the domestic and global solar PV industry.

Solar PV industry: Growth engine for future
Due to the significant increase in oil prices and increasing depletion of fossil fuel reserves, solar energy is viewed to have the most potential as an alternative energy source. In this regard, many countries, including Germany, are planning to achieve grid parity in the next 5 to 10 years through various public policy support mechanisms, the development of new technology and mass production.

Although Korea is a relative latecomer in the solar power industry compared to countries such as Japan and Germany, which entered the industry approximately 10 years ago, Korea is quickly catching up with the implementation of various policy mechanisms. The current target is to supply 1.3GW of solar electricity by 2012. In addition, due to its possession of a high quality solar PV related infrastructure, such as advanced semiconductor manufacturing technology, a skilled labor force and the localization of semiconductor equipment, the growth of Korea's solar PV industry is expected to accelerate even more in the future.

Besides the recent boost to the polysilicon sector, Korea's solar PV industry is rapidly expanding to other parts of the solar PV value chain. Companies such as Neosemitech, Smart Applications, Woongjin Energy and Nexolon have entered the ingot/wafer markets, while Hyundai Heavy Industries, Shinsung ENG, STX Solar, KPE and Millinet Solar are aggressively gaining access to the solar cell and module markets.
©CIOL Bureau

[meinolf67]

DC Chemical Q2 net rises threefold on brisk demand
Saturday, July 19, 2008; Posted: 12:11 AM


-- South Korea's top polysilicon producer DC Chemical Co. Ltd. said Friday its second-quarter net profit more than tripled on rising overseas demand for the product, a key component of solar panels.

Net income jumped 211.6 percent on-year to 140.9 billion won (US$139.3 million) in the April-June period, DC Chemical said in a mandatory filing.

Sales gained 69.2 percent to 575.3 billion won while operating income came to 180.1 billion won, up 363.8 percent from the same period last year.

Shares of DC Chemical were trading at 332,000 won as of 11:22 a.m. on the main bourse, up 1.53 percent from Thursday.

"The growth in earnings is attributable to rising polysilicon exports," company official Jang Sam-sun said.

DC Chemical expects its new plant to be completed by the end of next year, which will raise its daily polysilicon production capacity from 5,000 tons to 26,500 tons, he said.

The company has won three Taiwanese supply contracts worth $2.1 billion won and a $890 million deal with one of its affiliates since early July.

[meinolf67]

SEMICON Taiwan 2008: DC Chemical to establish polysilicon sales branch in Taiwan



Latest news
Nuying Huang, Taipei; Esther Lam, DIGITIMES [Thursday 11 September 2008]

DC Chemical (DCC), a Korea-based polysilicon supplier, plans to establish a sales branch in Taiwan. The company also updated its production roadmap at the ongoing SEMICON Taiwan 2008 (September 9-11).

DCC currently has a total of 24 branches worldwide and it plans to add a branch in Taiwan in 2009 to serve domestic customers. The company also plans to produce chemical gas silane for supply to semiconductor, LCD and solar industry players in 2010, according to company vice president Woo-Hyun.

As of early September 2008, DCC's supply contracts were worth US$10.26 billion, Lee stated. The company will focus on supplying polysilicon to the contract market in the future.

Lee updated that DCC has a capacity of 6,500 metric tons at its first plant but output in 2008 will fall short of the guided 3,000 metric tons due to fab maintenance in June. A second plant is scheduled to deliver an initial annual capacity of 10,000 tons with the fab shell expected to be completed in the second quarter of 2009. A third plant will finish construction in the fourth quarter of 2009 with a similar capacity to plant two, he detailed. Polysilicon from this plant will be suitable for use in both solar and semiconductor applications, he noted.

[meinolf67]

Woo Sug Baik, President and CEO of DC Chemical Co., Ltd. announced today that the Board of Directors approved on December 31, 2008 the sale of the Company's entire 66.75% stake in Columbian Chemicals Company to One Equity Partners, a private equity fund that has been a JV partner to DC Chemical since its original investment in March 2006. The parties executed a definitive agreement on December 31, 2008, and the transaction is expected to be completed during the 1st Quarter of 2009, subject to regulatory approval.

In light of the current global financial crisis and imminent global as well as domestic economic downturn, DC Chemical decided to sell Columbian Chemicals to focus on core strategic businesses, mitigate global risks and reduce external debt. Although Columbian Chemicals, which has been in the carbon black business for more than 100 years, will no longer be part of DC Chemical, its 200,000 metric ton Pohang and Gwangyang plants will continue to be owned and operated by DC Chemical to serve the domestic carbon black market as it has since 1976.

Although the sales price of US$150mn is less than the total invested amount of US$257mn, this divestment is considered timely and prudent when viewed in the context of extraordinarily uncertain economic conditions and continued deteriorating financial market conditions worldwide. Cash proceeds and debt reduction from the divesture are considered significant, and they in turn will strengthen DC Chemical's continued effort to evolve its portfolio towards fast growth and highly profitable businesses.

[R-BgO]

DC Chemical Launches its New CI
on the 50th Anniversary of its Founding

As of April 1, 2009, the new name of the company is OCI


DC Chemical Co., Ltd. held a ceremony today (April 8, 2009) at its corporate headquarters in Sogong-Dong, Seoul, Korea for the purpose of launching its new CI. Chairman Soo Young Lee and President & CEO Woo Sug Baik presided over the ceremony, and over 200 employees of the company were in attendance.

The company’s new name “OCI” means “The Origin of Chemical Innovation” and encompasses its core values of Future, Innovation and Leadership. In particular, the name change represents OCI’s desire to foster a new image that represents its fundamental values and goals.

Another purpose for the name change is to obviate any misperception regarding OCI’s core businesses that may have been caused by its previous name, which in Korean contained the words “steel” and “chemical.” Further, the goal is to eliminate any confusion that may have arisen due to the use of different corporate names domestically and abroad.

During the past 50 years OCI has become a global chemical company that engages in the manufacture of various product lines, such as inorganic chemicals, coal chemicals, petrochemicals and fine chemicals. Recently, the company commenced production of polysilicon, an essential raw material for manufacturing solar cells and semiconductor wafers, representing a major step for its entry into the renewable energy industry.

Further, in spite of the difficult economic environment caused by the global financial crisis, the company was able to achieve record sales and net profits last year. This was due to concerted sales efforts by the company and OCI’s successful entry into the polysilicon business, in addition to undertaking cost reduction measures and increasing productivity levels. Nonetheless, OCI will not remain content to rest on its past success, and it intends to use the launching of its new CI as a strong base for further growth and innovation.

During the ceremony Mr. Baik stated, “The launching of our new CI is indeed an opportune time to increase the pace of change and innovation within the company and prepare OCI for the next 50 years.” He added, “This year we are determined to do our utmost to overcome the economic crisis, focus on our core business and revamp our operations with the eventual goal of becoming one of the leading chemical companies in the world.”

[R-BgO]

Sie bauen weiter aus:

New Facilities Investment, etc.
Date 2009-03-05 count 519
attachment
1. Type of Investment : Investment in expansion of manufacturing facilities for Poly Crystal Silicon
2. Details of Investment. etc. : 147,500,000,000KRW
3. Purpose of Investment : Additional Investment to prepare for rising
exchange rate and to raise productivity and efficiency
4. Investment Period : From March to June of 2009

[R-BgO]

Date 2009-06-10 count 286
attachment
-. Suspended Production Area : Yongyeon Plant
-. Value of resumed Production in the Latest Fiscal Year :140,356,019,793KRW
-. Details of Production Suspension :
Production of PA(Phthalic Anhydride), DOP(Dioctvl Phthalate), MA(Maleic Anhydride)
-. Reasons for Suspension :
Sale of Yongyeon plant to Hanwha Chemical Corporation for 25.8 billion Won in order to focus on core strategic businesses

[R-BgO]

Completion of OCI's Second Polysilicon Plant


- OCI becomes World's No. 2 polysilicon maker with 16,500 MT production capacity -



OCI commemorated the completion of its second polysilicon plant (P2) in Gunsan on September 29, 2009. Approximately 500 people attended the ceremony, including Chairman Soo Young Lee, President Woo Sug Baik and other executives from OCI, North Jeolla Province Governor Wanju Kim, National Assemblyman Bongkyun Kang, Gunsan Mayor Dongshin Moon, various officials from the central and provincial governments, key customers and Gunsan residents. The new plant has an annual production capacity of 10,000 metric tons.



OCI, the only Korean company that has been able to develop its own polysilicon manufacturing technology, invested a total of 1.01 trillion won in the Gunsan complex, and with the completion of its second polysilicon plant it now has a manufacturing capacity of 16,500 metric tons per year.



As a result, OCI is now the second largest polysilicon manufacturer in the world after Hemlock of the United States and is opening a new page in the history of the Korean chemical industry.



Over a three year period. OCI invested a total of 1.6 trillion won in the Gunsan area, thereby invigorating the regional economy and generating additional jobs. In addition, the plant is expected to yield over $1 billion/year in exports leading to greater generation of foreign exchange earnings.



OCI Chairman SooYoung Lee said during the ceremony, “Our No. 2 polysilicon plant has the largest manufacturing capacity in the world on a single plant basis. With the completion of the second polysilicon plant, it is expected that the North Jeolla region will become a mecca for the development of the solar industry through the creation of a “green energy cluster.”



In addition, with the second plant coming on-line, OCI occupy a better position than other companies in terms of economies of scale, thereby securing greater cost competitiveness. From a quality perspective, OCI is now supplying 10-nine (99.99999999%) purity product, which is one grade higher than the previously produced 9-nine (99.9999999%) product.



After OCI began commercial production of polysilicon in March 2008 with its first 5,000 metric ton plant, the company rapidly completed its second plant in record time, thereby receiving recognition for its technological skills.



With its successful entry into the polysilicon market, which has been dominated by the seven major producers for the past 40 years, OCI now has a solid base for producing product of world class standards, thereby contributing to the stable supply of polysilicon, a critical raw material for solar energy.



According to an OCI representative, “As a result of the treaty on climate change and the

supply of renewable energy, from 2010 the solar energy industry will play an important role in becoming an alternative energy source to fossil fuels.” He further added, “Once the regulations on global warming gases become established, it is expected that the industry will grow by 40-50% each year.”



※ Attachments: Photographs of the No. 2 Polysilicon Plant Completion Ceremony



(Explanation of Photograph)



1. Completion of OCI’s Second Polysilicon Plant 1

During the No.2 polysilicon plant completion ceremony held on Tuesday, September 29, 2009 at OCI’s plant in Gunsan, Jeolla-bukdo, OCI Chairman Soo Young Lee(4th from the right), North Jeolla Province Governor Wanju Kim(3rd from the right) and other persons are pressing the touch button to begin performance.


2. Completion of OCI’s Second Polysilicon Plant 2

[R-BgO]

South Korean polysilicon manufacturer OCI to invest $858.5 million in new plant
11 December 2009 | By Tom Cheyney | News > Fab and Facilities, Materials

In a bid to join the leading global producers of polysilicon, South Korean chemical manufacturer OCI plans to restart construction on a new poly plant inside its existing facility in Gunsan in January. The company (the former DC Chemical) will invest 1 trillion Won (approximately $858.5 million) in its Phase 3 (P3) factory, which will have an annual manufacturing capacity of 10,000 metric tons when commercial production begins in 2011, bringing its total annual poly capability to 27,000 metric tons.

OCI, the only company in Korea with its own Siemens process-based polysilicon manufacturing technology, has already built the 6500-metric-ton P1 plant (completed in December 2007) and the 10,500-metric-ton P2 expansion (completed in July 2009).

When plans were announced in June 2008, P3 was originally scheduled for completion in December 2009, but its construction was postponed temporarily because of the poly oversupply and macroeconomic conditions, before getting the go-ahead from the company's board to recommence the buildout earlier this month.

The new plant is expected to directly generate 500 jobs, according to OCI.

The company believes that despite the continuing oversupply of polysilicon, the market demand for high-efficiency solar cells and preference for high-purity polysilicon will grow steadily. OCI says it is already producing 10-nine grade polysilicon, which is one grade higher than 9-nine purity silicon, and the company's plan is to sell most of the additional product through long-term supply contracts.